Independent News For The Australian Public Service
Edition Number 410. Updated Tuesday, 20 May 2014

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New website lists asset sales

A new website has been launched to list all publicly owned assets earmarked for sale across Australia.

The National Infrastructure Construction Schedule website was unveiled by the Assistant Minister for Infrastructure and Regional Development, Jamie Briggs.

Mr Briggs said that in consultation with State counterparts, the new asset sales page had been developed for States and Territories to register publicly-owned assets available for private acquisition.

He said the Asset Sales page was a key platform of the Australian Government's $5 billion Asset Recycling Initiative, which provided incentive payments to States and Territories that sell mature assets and reinvest the proceeds in infrastructure across Australia.

"I welcome the initial strong enthusiasm from State Governments including Victoria and South Australia who have already registered potential assets for acquisition," Mr Briggs said.

Proceeds to fund infrastructure

"It's clear they have recognised the significant opportunities the Australian Government's Asset Recycling Initiative will deliver by generating additional revenue to build the infrastructure of the 21st century."

Mr Briggs said that to ensure the effective delivery of the Australian Government's $11.6 billion Infrastructure Growth Package, he would be leading Ministerial Groups to oversee the implementation of key projects alongside his State ministerial counterparts.

The Government has also announced a new program to sell surplus Commonwealth property.

Minister for Finance, Matthias Cormann said the Government would undertake a property divestment program to realise the value of surplus Commonwealth property.

Mr Cormann said the National Commission of Audit noted that the Commonwealth's property holdings were diverse and substantial, and found that many of the Commonwealth's non-defence property holdings reflected historic rather than current or future needs.

He said the first tranche of properties to be divested, which would include 40 surplus Commonwealth properties, was expected to generate net returns of $22.5 million over the forward estimates.

The Asset Sales page can be found at this PS News link.

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